November 29, 2016 - By Peter Kolinski
Atlantic Securities initiated coverage on shares of Sherwin-Williams Company (NYSE:SHW) in a research report revealed to clients and investors on Tuesday, 29 November. The company issued “Overweight” rating on SHW stock.
Out of 16 analysts covering Sherwin-Williams Company (NYSE:SHW), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. $336 is the highest target while $265 is the lowest. The $290.75 average target is 5.22% above today’s ($276.32) stock price. Sherwin-Williams Company has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Seaport Global Securities initiated it with “Accumulate” rating and $295.0 target price in Tuesday, January 5 report. The stock of Sherwin-Williams Co (NYSE:SHW) has “Equal Weight” rating given on Monday, November 2 by Barclays Capital. The stock of Sherwin-Williams Co (NYSE:SHW) has “Neutral” rating given on Monday, July 11 by Seaport Global. The rating was upgraded by Northcoast to “Buy” on Wednesday, July 22. As per Friday, January 29, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, March 22 by Credit Suisse. RBC Capital Markets maintained Sherwin-Williams Co (NYSE:SHW) rating on Friday, October 30. RBC Capital Markets has “Outperform” rating and $285 price target. The stock of Sherwin-Williams Co (NYSE:SHW) earned “Market Perform” rating by Wells Fargo on Thursday, September 29. The firm has “Buy” rating by Goldman Sachs given on Wednesday, January 20. CLSA upgraded the stock to “Buy” rating in Friday, July 22 report.
The stock increased 0.84% or $2.3 on November 29, hitting $276.32. About 734,526 shares traded hands. Sherwin-Williams Co (NYSE:SHW) has declined 8.70% since April 26, 2016 and is downtrending. It has underperformed by 13.96% the S&P500.
Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on January, 26. They expect $2.10 EPS, down 0.94% or $0.02 from last year’s $2.12 per share. SHW’s profit will be $194.41 million for 32.90 P/E if the $2.10 EPS becomes a reality. After $4.23 actual EPS reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts -50.35% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.06, from 1.04 in 2016Q1. The ratio is positive, as 50 funds sold all Sherwin-Williams Co shares owned while 222 reduced positions. 73 funds bought stakes while 210 increased positions. They now own 67.61 million shares or 5.44% less from 71.50 million shares in 2016Q1.
Rockland Tru Co accumulated 1.54% or 30,217 shares. Moreover, Rothschild Investment Il has 0.03% invested in Sherwin-Williams Co (NYSE:SHW) for 735 shares. Td Asset Mngmt Inc holds 0.03% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 60,892 shares. Massmutual Tru Fsb Adv holds 5,726 shares or 0% of its portfolio. Stock Yards Bancorporation And Company holds 0.07% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 1,851 shares. Kbc Nv has invested 0.1% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Sei Invs Company last reported 0.16% of its portfolio in the stock. Moreover, Ladenburg Thalmann Fincl has 0.05% invested in Sherwin-Williams Co (NYSE:SHW) for 11,528 shares. Counsel Portfolio has 0.43% invested in the company for 14,723 shares. Capstone Inv Limited Com holds 0.03% or 4,918 shares in its portfolio. Bridgeway Management has invested 0.05% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Verition Fund Ltd Liability Com accumulated 3,854 shares or 0.14% of the stock. Wilbanks Smith & Thomas Asset Mgmt Ltd Liability Corp accumulated 2,119 shares or 0.06% of the stock. Old Mutual Investors (Uk) Ltd has invested 0.97% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Bancorporation Of Montreal Can has 178,824 shares for 0.06% of their US portfolio.
Insider Transactions: Since August 1, 2016, the stock had 1 insider purchase, and 2 sales for $10.10 million net activity. The insider MORIKIS JOHN G sold 30,353 shares worth $9.07 million. Baxter Joel D. sold $1.16 million worth of Sherwin-Williams Co (NYSE:SHW) on Friday, August 5. Shares for $123,650 were bought by STROPKI JOHN M.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The company has a market cap of $25.58 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 23.16 P/E ratio. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment maker product finishes and related items.
According to Zacks Investment Research, “Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson’s, Minwax and Krylon. (Company Press Release)”
The Sherwin-Williams Company (Sherwin-Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail clients in North and South America with additional activities in the Caribbean region, Europe and Asia. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group.
More news for Sherwin-Williams Co (NYSE:SHW) were recently published by: Fool.com, which released: “Why Sherwin-Williams Co.’s Shares Plunged 11% Today” on October 25, 2016. Prnewswire.com‘s article titled: “Sherwin-Williams Executive Chairman Chris Connor to Retire; President and CEO …” and published on November 07, 2016 is yet another important article.
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